RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VLY
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Valley National Bancorp stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on May 01, 2024)

Hold candidate since May 01, 2024 PDF

The Valley National Bancorp stock price gained 4.14% on the last trading day (Wednesday, 1st May 2024), rising from $7.01 to $7.30. During the last trading day the stock fluctuated 5.54% from a day low at $7.04 to a day high of $7.43. The price has been going up and down for this period, and there has been a 1.39% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $59.54 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.63% during the next 3 months and, with a 90% probability hold a price between $6.04 and $6.87 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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VLY Signals & Forecast

There are mixed signals in the stock today. The Valley National Bancorp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.47 and $7.59. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 4.14%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Valley National Bancorp stock

Valley National Bancorp finds support from accumulated volume at $7.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.390 between high and low, or 5.54%. For the last week, the stock has had daily average volatility of 5.51%.

Our recommended stop-loss: $6.97 (-4.47%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (VLY) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Valley National Bancorp to open at $7.26, and during the day (based on 14 day Average True Range), to move between $6.95 and $7.65, which gives a possible trading interval of +/-$0.346 (+/-4.74%) up or down from last closing price. If Valley National Bancorp takes out the full calculated possible swing range there will be an estimated 9.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.20 (1.37%) than the resistance at $7.77 (6.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Valley National Bancorp stock A Buy?

Valley National Bancorp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.270 Hold/Accumulate Upgraded

Predicted Opening Price for Valley National Bancorp of Thursday, May 2, 2024

Fair opening price May 2, 2024 Current price
$7.26 ( 0.594%) $7.30

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for VLY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.65 4.75 %
R2 7.50 2.71 %
R1 7.41 1.45 %
Current price: 7.30
Support S1 7.11 -2.63 %
S2 7.02 -3.90 %
S3 6.87 -5.94 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.16 11.78 %
R2 7.98 9.32 %
R1 7.77 6.44 %
Current price 7.30
Support S1 7.20 -1.37%
S2 7.12 -2.47%
S3 7.01 -3.97%

VLY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 Mar 13, 2024 Apr 02, 2024 $0.110 1.45%
2 Dec 06, 2023 Dec 13, 2023 Jan 03, 2024 $0.110 1.06%
3 Aug 14, 2023 Sep 13, 2023 Oct 02, 2023 $0.110 1.33%
4 Aug 06, 2023 Jun 14, 2023 Jul 03, 2023 $0.110 1.38%
5 Mar 01, 2023 Mar 14, 2023 Apr 03, 2023 $0.110 1.21%

FAQ

What is the symbol for Valley National Bancorp Stock and on which exchange is it traded?
The symbol for Valley National Bancorp is VLY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Valley National Bancorp Stock?
Valley National Bancorp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Valley National Bancorp Stock?
Valley National Bancorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Valley National Bancorp Stock.

What's the current price of Valley National Bancorp Stock?
As of the end of day on the May 01, 2024, the price of an Valley National Bancorp (VLY) share was $7.30.

What is the 52-week high and low for Valley National Bancorp Stock?
The 52-week high for Valley National Bancorp Stock is $11.22 and the 52-week low is $6.39.

What is the market capitalization of Valley National Bancorp Stock?
As of the May 01, 2024, the market capitalization of Valley National Bancorp is 3.715B.

When is the next earnings date for Valley National Bancorp?
The upcoming earnings date for Valley National Bancorp is Jul 25, 2024.
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About Valley National Bancorp

Valley National Ban Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products. It operates through Commercial Lending, Consumer Lending, and Investment Management segments. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, residential mortgage, an... VLY Profile

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